Federal Reserve's Goolsbee: Rate cuts will be guaranteed soon

ChainCatcher news, according to "Fed Whisperer" Nick Timiraos, Fed's Goolsbee stated that last week's mild June inflation data made him more confident that price pressures are easing, thus supporting rate cuts. He is concerned that keeping rates unchanged would lead to a policy stance that is too tight, as for every month inflation decreases, the inflation-adjusted short-term rates will rise. (Jin Ten)